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You Filed Your Taxes. Are You Going to Get Audited?

The IRS slapped Americans with an additional $34 billion in levies last year. It depends, in part, on how rich you are.
Photographer: Getty Images

Uh-oh. You messed something up on your tax return. What now?

Audits alone found an additional $25 billion in taxes owed last year, half of that from individual returns. Budget cuts at the Internal Revenue Service have made it harder for the agency to spot mistakes and evasions, but worst-case scenarios include a financial penalty and a prison term. Correcting the return yourself could spare you some anxiety and paperwork if the IRS should eventually notice.